Housing Wire

NOVEMBER 20, 2024

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI rose by 0.7 percent to 99.2 in October. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

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Mortgage Government Design Construction 418

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Finance 360

Finance Marketing Lending Mortgage 360

Real Estate News

NOVEMBER 20, 2024

The reversal follows 14 years of larger gains for homes in high-risk areas, suggesting that buyers may be less willing to move to disaster-prone regions.

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Home Value Buyers 290

Housing Wire

NOVEMBER 20, 2024

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score.

Mortgage 430

Mortgage Loan Officers Investing Marketing 430

Real Estate News

NOVEMBER 20, 2024

The luxury-focused firm announced its first franchise in the D.C. metro, which will boost its total agent count and number of offices by nearly 10% each.

Agents 264

Agents 264

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage application volume edged up 1.7% on an adjusted basis during the week ended November 15, despite mortgage rates moving higher, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 2% from the previous week and were up 43% compared with the same week one year ago. Applications for purchases also increased 2% compared with the previous week but were down 1% compared with a year ago.

Mortgage 195

Mortgage Inventory Buyers Appraisal 195

Housing Wire

NOVEMBER 20, 2024

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining , the parties announced on Wednesday. In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S.

Loan Officers 411

Loan Officers Lending Development Investing 411

Appraisal Buzz

NOVEMBER 20, 2024

Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). “New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.

Construction 195

Construction Buyers Inventory Mortgage 195

Housing Wire

NOVEMBER 20, 2024

While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into a forward mortgage loan, according to a study conducted by LendingTree. To get a better grasp of the dynamics involved with older homeowners maintaining their existing mortgages, LendingTree took a closer look at data from the U.S.

Mortgage 374

Mortgage Property Taxes 374

Appraisal Buzz

NOVEMBER 20, 2024

In this episode, we sit down with Brijaye Brackett from Accurate Group to dive into her launch into the appraisal industry. From her first introduction to the world of appraising to becoming one of the early success stories of the Appraisal Diversity Initiative (ADI) scholarship program, Brijaye shares her unique perspective and experiences. We explore the skills and insights she gained, the challenges and triumphs she’s faced, and what excites her most about her work.

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Appraisal Modernization Valuation Real Estate 195

Housing Wire

NOVEMBER 20, 2024

The current mortgage market starkly contrasts with the booming years of 2020 and 2021. Both borrowers and loan officers face a changed—and changing—landscape. However, success remains within reach for those committed to adapting. The winners in every market know how to take advantage of opportunities, and below I’ve outlined some actionable advice on how to approach this market with that winning mindset.

Marketing 365

Marketing Loan Officers Realtors Business 365

Eyes on Housing

NOVEMBER 20, 2024

Single-family built-for-rent construction posted year-over-year gains for the third quarter of 2024, as builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 24,000 single-family built-for-rent (SFBFR) starts during.

Construction 183

Construction Design Mortgage Marketing 183

Housing Wire

NOVEMBER 20, 2024

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint was dismissed as it did not comply with a local court rule which requires that all documents, except declarations, to be

Realtors 361

Realtors Real Estate Agents Business 361

Inman

NOVEMBER 20, 2024

The new membership option will give agents who aren't members of local, state or national Realtor associations access to state-compliant forms as alternative to NAR's "three-way agreement.

Realtors 167

Realtors Agents Brokerage 167

Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. The report offers hope that next year will be better than the last, but only to an extent.

Marketing 360

Marketing Inventory Housing Market Realtors 360

Inman

NOVEMBER 20, 2024

The nation's real gross domestic product grew at an annual rate of 2.8 percent in the third quarter of the year. But with falling sales and tapering price growth, agents could be forgiven for feeling left out.

Real Estate 162

Real Estate Agents Investing Brokerage 162

Housing Wire

NOVEMBER 20, 2024

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. Jesse Allen, most recently of OneTrust Home Loans and formerly of American Advisors Group (AAG), has been appointed to the role of president for the division.

Mortgage 351

Mortgage Lending Loan Officers Marketing 351

Inman

NOVEMBER 20, 2024

It's time for a vibe check as we gear up for Thanksgiving, so let us know what you're most grateful for this holiday season.

Agents 157

Agents 157

Housing Wire

NOVEMBER 20, 2024

NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. A New York Times investigation detailed the lavish perks enjoyed by trade group executives, particularly former CEO Bob Goldberg, who had three memberships to exclusive country clubs, paid

Legal 299

Legal Law Business Government 299

Inman

NOVEMBER 20, 2024

The company said the attack was unsuccessful. In response to the incident, some Command features were temporarily restricted, and KW rolled out multi-factor authentication.

Technology 152

Technology Brokerage 152

Housing Wire

NOVEMBER 20, 2024

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. “The launch of Sales Mastery Powered by Momentum Builder marks a transformative moment in the housing industry, signaling a seismic shift in how sales professionals will approach success,” said Todd Dunca

Training 370

Training Tools Mortgage Marketing 370

Inman

NOVEMBER 20, 2024

Rick Guerrero talks to coach Katherine Loucaidou about making the leap from a steady full-time job to running your own real estate business.

Real Estate 152

Real Estate Business Real Estate Agent Agents 152

Housing Wire

NOVEMBER 20, 2024

Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae said that DU version 12.0 represents “a major update to DU’s credit risk assessment and opens new opportunities for homeownership ,” while claiming it will also

Development 283

Development Mortgage Marketing 283

Inman

NOVEMBER 20, 2024

Find out how New York City real estate agent Andrea Wernick became a seller specialist and why she believes in the power of staging.

Real Estate Agent 149

Real Estate Agent Real Estate Sellers Agents 149

Birmingham Appraisal

NOVEMBER 20, 2024

It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Much has changed in the appraisal world from when I first started writing but one thing remains the same and that is the need to put out accurate information about how and

Real Estate 87

Real Estate Appraisal Inspection Contracts 87

Inman

NOVEMBER 20, 2024

The public-facing business empowerment arm of Second Century Ventures, REACH has been identifying innovation since its initial class in 2013, members of which included video e-mailer BombBomb and moving coordinator Updater, among others.

Business 132

Business Technology 132

Mortgagebroker News

NOVEMBER 20, 2024

Home Trust's Elizabeth Cescon shares why underwriters are well-positioned to foster trust

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87

Inman

NOVEMBER 20, 2024

The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty's 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury.

Realty 130

Realty Brokerage Agents 130

BiggerPockets

NOVEMBER 20, 2024

Every landlord has some wild tenant stories. We’re sharing the ones you probably won’t believe in this episode.

Tenants 81

Tenants Landlords Real Estate 81

Inman

NOVEMBER 20, 2024

The National Association of Hispanic Real Estate Professionals is putting its muscle behind maintaining Clear Cooperation, a policy that requires brokers to submit a listing to their multiple listing services within one business day of marketing a property to the public.

Housing Market 127

Housing Market Marketing Real Estate Business 127

BiggerPockets

NOVEMBER 20, 2024

The Raleigh and Charlotte, North Carolina, metros grew tremendously over the past five years, with a population growth of 11.53% and 8.81%, respectively (the U.S. average was 2.94%).

Housing Market 78

Housing Market Marketing 78

Inman

NOVEMBER 20, 2024

In line with Intel's own findings, analyst Mike DelPrete sees that consumers still value buyer agent services the same as before Aug. 17.

Buyers 124

Buyers Agents 124

BiggerPockets

NOVEMBER 20, 2024

After a mammoth $418 million National Association of Realtors (NAR) settlement threatened to decimate real estate agent commissions, AccountTECH, an accounting software firm, has crunched the numbers to see how […]

Real Estate Agent 78

Real Estate Agent Real Estate Realtors Agents 78